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HomeMy WebLinkAboutResolution 95-17I~ESQLUTION NO. 95-17 RESOLUTION OF CITY COUNCIL OF THE CITY OF COLUMBIA HEIGHTS, MINNESOTA APPROVING APPLICATION TO ANOKA COUNTY UP TO $160,000.00 OF FEDERAL"HOME" PROGRAM FUNDS FOR RENTALHOUSING REHABILITATION/DUPLEX ACQUISITION/RENOVATION IN SHEFFIELD NEIGHBORHOOD WHEREAS, the City of Columbia Heights has been invited and encouraged to apply through Anoka County for funds from the 1995 federally funded HOME Program; and WHEREAS, an application for such grant funds has been prepared by Community ~evelopment Department staff; and WHEREAS, HOME Program requirements require a 25% match of non- federal funds for any project funded; and WHEREAS, the City already owns two duplexes in the Sheffield Neighborhood on which $40,000 of the sale proceeds after renovtion of the duplex to a single family house couldbeused as the 24% match. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Columbia Heights, Minnesota that: The City Council approves City application for up to $160,000 of HOME Program funds from the Anoka County HOME Program. ® The City hereby agrees that the City will meet the HOME Program 25% match requirements through continuation of the City HOME Rehabilitation Revolving Fund and dedication of an additional $40,000 to that fund of the proceeds from the sale of duplexes renovated (to single family houses) in the Sheffield Neighborhood. The Mayor and City Manager are authorized to sign the necessary HOME Program application and the documents for implementation of the program whenthe grant is received through Anoka County. Passed this 13th day of March, 1995. Offered by: Seconded by: Roll call: Ruettimann Peterson All ayes  ayor J6se~h Sturdevant ~o-Anne Student; ~cil Secretary